Parkin Wins Best Privatisation in EMEA for Landmark Dubai IPO
The award recognises Parkin's transformation from a government entity into a high-performing listed business. Its March 2024 IPO on the Dubai Financial Market drew AED 259 billion (US$71 billion) in total demand, making it one of the most oversubscribed listings in the region with a 165x oversubscription rate.
This recognition follows Parkin's recent win as Best MENA IPO by Euromoney, further cementing its position as a model for successful privatisation and a key contributor to Dubai's vision for future-ready infrastructure.
Parkin CEO Eng. Mohamed Abdulla Al Ali called the award a proud moment for both the company and the city, highlighting the team's efforts to create long-term value and attract global investment through a capex-light, cash-generative business model.
The accolade reinforces Dubai's growing reputation for innovative privatisation strategies and its ability to lead transformative developments in the mobility and infrastructure space.
News Source: Burson Global
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Trump had sought to assuage such concerns on Friday ahead of the talks, saying he would let Ukraine decide on any possible territorial concessions. "I'm not here to negotiate for Ukraine, I'm here to get them at a table," he said. Asked what would make the meeting a success, he told reporters: "I want to see a ceasefire rapidly ... I'm not going to be happy if it's not today ... I want the killing to stop." The meeting also included U.S. Secretary of State Marco Rubio; Trump's special envoy to Russia, Steve Witkoff; Russian foreign policy aide Yury Ushakov; and Foreign Minister Sergei Lavrov. Trump, who said during his presidential campaign that he would end the Ukraine war within 24 hours, conceded on Thursday it had proven a tougher task than he had expected. He had said if Friday's talks went well, quickly arranging a second, three-way summit with Zelenskiy would be more important than his encounter with Putin. 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